Lowie replied to the topic Investing in Townsvlle in the forum General Property 9 years ago
Look at the lower end below £300k. Like Simang says, anything over £400k and you might as well buy a new one -negative cash flow. NRAS has nothing to do with it. Those properties are in less desirable areas like Condon, Rasmussen and Kelso. Your best bet for positive cash are Annandale, Aitkenvale, Douglas and Cranbrook (riverside of Ross River r…[Read more]
Lowie replied to the topic Investing in Townsvlle in the forum General Property 9 years ago
I have one in Cranbrook at went up by 4% in a year. Townsville is about to get a new “competent” mayor that I pro business and the federal government is doing something about the high insurance rate in North Queensland. All things considered, I’m happy I’ve got two up there.
Key is to be close to the hospital, Uni and Army barracks
Lowie started the topic Investing in Townsvlle in the forum General Property 9 years ago
Hi all,
I wanted to get people thoughts on Townsville as an area for investment. Over the last couple of years there has been a lot of distress sales due to the downturn in employment in the mining sector which has resulted and some great purchases – 2IP’s. with Townville being such a diverse economy. I wanted to know if other have considered…[Read more]
Lowie replied to the topic MACKAY: General thoughts and experiences on as an area to invest in property in the forum General Property 9 years, 5 months ago
Be careful of insurance cost and rates in this regional area. On a $260,000 house you will pay around $3,000 annually and rates are around the same. That’s $6,000 before you even get started! Insurance for flats/apartment is even higher. The government has put a taskforce together to try and workout how to address the unsustainable insurance…[Read more]
Lowie started the topic property ownership structure in the forum Help Needed! 9 years, 5 months ago
Hi,
I’m buying and investment property and am looking for a good accountant that can advise on the best structure for my circumstances. I live overseas so their location is not important.
Thank you
MattLowie became a registered member 9 years, 10 months ago